BTC should recover from this level
Updated
There is a possible pennant forming on H4.
The pennant formation is more accurate after bouncing between the converging trendlines a minimum of 5 times.
If the pennant formation holds, BTC should drop to the level shown after the breakdown.
For more accuracy the measured target should be moved to the area it breaks down.
(I've changed the resolution to H12 to show the recovery/measured target area.)
The pennant formation is more accurate after bouncing between the converging trendlines a minimum of 5 times.
If the pennant formation holds, BTC should drop to the level shown after the breakdown.
For more accuracy the measured target should be moved to the area it breaks down.
(I've changed the resolution to H12 to show the recovery/measured target area.)
Note
that aged pretty well huh
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